National Exam- Real Estate Math Flashcards

National Exam- Real Estate Math Flashcards what is equityvalue - amount owed what do mortgage payments consist ofprincipalinteresttaxesinsurance what is assessed value based onappraisal value what is a CMAinformal opinion of price; prepared by real estate agent; only the comparable sales price is adjusted NOT the property being listed how many feet is one acre43,560 sq feet what is the equation for the effective gross incomegross potential income-vacancy and credit loss how many acres is a hectare2.47 acres how many feet are in a mile5,280 feet what happens with prepaid itemspaid by the seller before closing; credited to the seller and debited to the buyer when are discount or origination fees paid at beg of loan to reduce monthly mortgage payments what is the gross rent multiplier used for appraised value of four or less unitsvalue/gross monthly rent what does prorated meancalculating what amount is owed by or to each party at closing for expenses or income generated by the real estate how do you calculate annual property taxes assessed value x tax rate / 12 to get monthly amount what is the net operating incomeeffective gross income-operating expenses When this value is negative, it is a sign that the investment property cannot bring in enough money to cover its costs to maintain.Net operating incomeA negative net operating income means that the operating expenses are greater than the effective gross income.how many feet is in a yard3 feet what is an amortized loana loan that is repaid in equal payments over its life how many acres is one square mile640 acres what is front footagelength of property along a street (shorter part) what is the equation for rate of returnannual cash flow/initial cash investment what happens with accrued itemspaid by the buyer after closing; credited to the seller and debited to the buyer